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Watch this analysis before you start trading today | Daily Forex Analysis (12 Oct 2021)

Currency call summary 12 10 2021:

EURUSD sell trade idea: entering if price can break below the 1.1530 support zone which will be a significant level to break through, and needs to have the DXY press higher after the CPI data is released on Thursday evening with a beat on expectations.

Entry: 1.1511

SL: 40 pips

TP: 120 pips

EURGBP sell trade idea: this trade becomes valid if we see a move higher for the #GBPUSD as it sits at the 1.3584 support level currently, also there is the GBP employment data coming out today at 14:00 GMT+8 and could offer a positive catalyst for further buying of the GBPUSD.

Entry: 0.8462

SL: 20 pips

TP: 40 pips